Economic impact

Valenciaport is a key player in the modernisation and growth of the economy in the Valencian Region and Spain in general. Proof of this can be seen in the levels of employment and production associated with the port activities of Valencia, Sagunto and Gandía.

An Economic Impact study has been carried out for 2015, considering the Port Community of the three ports, bringing together the stevedoring companies, shipping agents, port services, freight forwarders, commercial services and official inspection bodies. This study has been prepared by the Research Group on International Economics and Development of the Department of Economics and Social Sciences of the Polytechnic University of Valencia.

This study quantifies the importance of the Valenciaport ports in terms of Gross Salaries, Gross Surplus, Value Added Tax, GAV apb and Jobs.

The employment generated by the ports of Valencia, Sagunto and Gandía amounts to 37,000 jobs, representing 2.05% of the total jobs in the Valencian Region. The monetary value of the gross salaries is € 1,194 million, representing 2.25% of the salary income of the Valencian Region.

The Gross Value Added amounts to € 2,352 million per year, representing 2.49% of the total for the Valencian Region.

The study starts with an Initial Effect that reflects the accounting information of the economic activity of each of the companies defined in the port activity. The economic effects of port activities can be divided into three types:

Indirect economic effects, resulting from the impact of ports on the industrial activities sector.

Related economic effects, derived from the capacity for consumption and investment of the companies and economic agents related to port activities.

The following tables represent the economic impact of the ports dependent on the Port Authority of Valencia in major economic areas.

Economic impact obtained by the Valenciaport activity(thousands of €)

Initial

Direct

Indirect

Related

Totals

% of VR

Total+ Initial

% of VR

Gross Salaries

395,821

452,763

30,754

314,491

798,008

1.51%

1,193,29

2.25%

Gross Surplus

329,195

543,952

28,604

208,006

780,562

2.04%

1,109,757

2.89%

Other Taxes

47,697

-6,262

824

7,612

2,714

0.22%

49,871

5.12%

Value Added Tax

-49,259

31,447

1,776

14,740

47,963

2.34%

-1,296

-0.06%

GAV apb

723,454

1,021,900

61,958

544,849

1,628,707

1.73%

2,914,904

2.50%

Total Production

1,761,395

130,756

1,022,753

2,914,904

1.52%

2,914,904

1.52%

No. of Jobs*

7,667

17,731

1,033

10,546

29,310

1.62%

36,977

2.05%

The results obtained per port are as follows:

Economic impact obtained by the activity of the Port of Valencia (thousands of €):

Initial

Direct

Indirect

Related

Totals

% of VR

Total+Initial

% of VR

Gross Salaries

371,391

426,825

28,935

296,532

752,292

1.42%

1,123,683

2.12%

Gross Surplus

292,678

513,271

26,932

196,128

736,331

1.92%

1,029,009

2.68%

Other Taxes

47,370

-6,092

766

7,177

1,851

0.19%

49,221

5.05%

Value Added Tax

-43,684

29,792

1,666

13,898

45,356

2.21%

1,672

0.08%

GAV apb

667,755

963,796

58,299

513,734

1,535,829

1.63%

2,203,584

2.34%

Total Production

1,662,290

122,885

964,348

2,749,523

1.43%

2,749,523

1.43%

No. of Jobs*

7,170

16,724

973

9,944

27,641

1.53%

34,811

1.93%

Economic impact obtained by the activity of the Port of Sagunto (thousands €):

Initial

Direct

Indirect

Related

Totals

% of VR

Total+ Initial

% of VR

Gross Salaries

21,328

24,551

1,723

17,028

43,302

0.08%

64,630

0.12%

Gross Surplus

34,141

29,142

1,585

11,262

41,989

0.11%

76,130

0.20%

Other Taxes

169

-169

55

412

298

0.03%

467

0.05%

Value Added Tax

-4,878

1,574

104

798

2,476

0.12%

-2,402

-0.12%

GAV apb

50,759

55,098

3,466

29.501

88,065

0.09%

138,824

0.15%

Total Production

94,020

7,452

55,376

156,848

0.08%

156,848

0.08%

No. of Jobs*

426

953

57

571

1,581

0.09%

2,007

0.11%

Economic impact obtained by the activity of the Port of Gandía (thousands €):

Initial

Direct

Indirectirect

Related

Totals

% of VR

Total+ Initial

% of VR

Gross Salaries

3,103

1,387

96

931

2,414

0.005%

5,517

0.01%

Gross Surplus

2,377

1,539

87

616

2,242

0.006%

4,619

0.01%

Other Taxes

158

-1

3

23

25

0.003%

183

0.02%

Value Added Tax

-698

81

6

44

131

0.006%

-567

-0.03%

GAV apb

4,940

3,006

193

1,614

4,813

0.005%

9,753

0.01%

Total Production

5,085

419

3,029

8,533

0.004%

8,533

0.00%

No. of Jobs*

71

54

3

31

88

0.005%

159

0.01%

Contact us

Port Authority of Valencia 963 939 500

Emergency Control Centre 900 859 573

The Port Authority of Valencia (PAV),which trades under the name of VALENCIAPORT, is the public body responsible for running and managing three state-owned ports along an 80km stretch of the Mediterranean coast in Eastern Spain: Valencia, Sagunto and Gandía.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​